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CHL - Churchill Mining News Story

37.75p 0.0  0.0%

Last Trade - 05/12/16

Sector
Energy
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 1824

Placing Completion Update

Wed 1st June, 2011 2:55pm
RNS Number : 6844H
Churchill Mining plc
01 June 2011
 



 

1 June 2011                                                                                                                                   AIM:  CHL

 

CHURCHILL MINING PLC

("Churchill" or "the Company")

Placing Completion Update

 

Churchill Mining (AIM: CHL) announces that, further to the private placement announced on 3 May 2011, the Company has today received an initial payment of US$8.0 million (approximately £4.85 million)with the balance of the subscription funds, being approximately US$4.8 million, expected to be received next week.

 

In total, the Company will issue 19,345,000 new ordinary shares at 40 pence per share ("Placing Shares") to Mr Rachmat Gobel and Ms Fara Luwia.  The Company will issue and allot the Placing Shares once the balance of funds has been received.

 

David Quinlivan, Executive Chairman of the Company, commented, "We look forward to completing the subscription shortly and are delighted to gain the reach and experience of Mr. Gobel and Ms. Luwia."

 

 

 

END

For further information, please contact:

Churchill Mining Plc

David Quinlivan

+ 61 8 6382 3737

 

Northland Capital

Partners Limited

Shane Gallwey / Luke Cairns

+44(0)20 7796 8800

Tavistock Communications

Paul Youens / Jos Simson

+44(0)20 7920 3150

pyouens@tavistock.co.uk

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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